Foreign property buyers

Cyprus residents take different view of foreign property buyers than Canadians

Discussing the recent transfer tax on properties purchased by foreign buyers in Vancouver, Cypriots usually ask, 'Don’t they need the Chinese money?'

The new tax the government of B.C. Premier Christy Clark recently started imposing in foreign property buyers in Vancouver is unlikely to be replicated in Cyprus, where foreign dollars are key to the economy, writes Demetris Georgiades. The Hill Times photograph by Jake Wright

By DEMETRIS GEORGIADES


PUBLISHED : Monday, Aug. 22, 2016 12:00 AM

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